v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 68,404 $ 177,350
Short-term investments 3,518 78,139
Accounts receivable, net 148,020 106,151
Prepaid expenses and other current assets 37,656 23,006
Total current assets 257,598 384,646
Property, equipment and software, net 24,554 14,797
Operating lease right-of-use assets, net 43,657 24,797
Deferred contract costs, non-current 7,926 7,013
Debt issuance costs - line of credit 3,874 339
Deferred tax assets, net 669,660 602,500
Other non-current assets 6,159 3,340
Intangible assets, net 740,534 30,868
Goodwill 1,267,261 70,971
Long-term investments 0 30,301
Total assets 3,021,223 1,169,572
Current liabilities:    
Accounts payable 6,141 2,934
Accrued expenses and other current liabilities 79,238 55,654
Deferred revenue 20,811 7,329
Notes payable, current portion 6,000 2,750
Operating lease liability, current portion 15,463 8,350
Tax receivable agreement liability 0 35
Total current liabilities 127,653 77,052
Notes payable, less current maturities and unamortized debt issuance costs 872,096 43,164
Operating lease liability, less current portion 31,311 17,655
Other long-term liabilities 2,193 1,470
Total liabilities 1,033,253 139,341
Stockholders' Equity    
Additional paid-in-capital 1,688,311 725,174
Accumulated other comprehensive income (loss) 8,286 (1,113)
Retained earnings 270,689 283,946
Total stockholders' equity attributable to Clearwater Analytics Holdings, Inc. 1,967,579 1,008,255
Non-controlling interests 20,391 21,976
Total stockholders' equity 1,987,970 1,030,231
Total liabilities and stockholders' equity 3,021,223 1,169,572
Class A    
Stockholders' Equity    
Common stock $ 288 $ 213
Common stock, shares authorized (in shares) 1,500,000,000 1,500,000,000
Class B    
Stockholders' Equity    
Common stock $ 5 $ 0
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Class C    
Stockholders' Equity    
Common stock $ 0 $ 13
Common stock, shares authorized (in shares) 452,622,413 500,000,000
Class D    
Stockholders' Equity    
Common stock $ 0 $ 22
Common stock, shares authorized (in shares) 369,916,245 500,000,000